Posts Tagged ‘interest rates’
Wednesday, September 15th, 2010
The latest market report for the Portland Real Estate market shows a steady level of continued price reductions on homes for sale around the Portland Metro area. Back in August we talked here on the McDonald Group Real Estate blog about the Portland Business Journal article stating that thirty-two percent of Portland homes for sale in early summer experienced at least one price reduction, ranking Portland No. 16 on Trulia’s list of price reductions in America’s 50 largest cities. Those numbers are sticking around.
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Tags: First time home buyer, for sale, home buying, Homes for sale, housing market, interest rates, Lending, Low Prices, mortgage, portland market, Portland Real Estate, portland real estate market, real estate, Short Sales
Posted in Bank Owned, Investment Information, Listings, Market Report, Mortgage Rates, Portland Real Estate, Real Estate Tips | No Comments »
Friday, August 20th, 2010
Check out the new neighborhood profile detailing the neighborhood of Buckman in Southeast Portland, filled with quirky culture, classic Old Portland homes, and some of the best dining and shopping in town. The Buckman neighborhood is progressive and proud, and provides easy commuting access downtown via the Burnside, Hawthorne, and Morrison bridges. Buckman includes parts of two of the most popular retail districts in town, Hawthorn and Belmont Streets, complete with vintage stores, great brunch spots, and open parks. Combining the best of urban accessibility and comfortable, small-neighborhood atmosphere, Buckman is quintessential Portland.
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Tags: First time home buyer, for sale, foreclosures, home buying, housing market, interest rates, neighborhood, portland, portland market, portland real estate market, SE Portland Home
Posted in Announcements, Investment Information, Listings, Neighborhoods & Areas, Portland Real Estate, Real Estate Tips | No Comments »
Thursday, August 12th, 2010
In a report published in the Portland Business Journal yesterday, we learned that thirty-two percent of Portland homes for sale, listed since the beginning of this month, experienced at least one price reduction. That ranked Portland No. 16 on the website Trulia’s list of price reductions in America’s 50 largest cities.
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Tags: First time home buyer, for sale, home buying, Homes for sale, housing market, interest rates, Lending, Low Prices, mortgage, portland market, Portland Real Estate, portland real estate market, real estate, Short Sales
Posted in Bank Owned, Investment Information, Market Report, Mortgage Rates, Moving To Portland, Portland Real Estate, Real Estate Tips, Short Sales, Tips When Buying a Home | No Comments »
Friday, April 16th, 2010
There’s a great article in the New York Times touching on this very topic. I have many clients waiting for home prices to further drop before finding their home match but the reduced home prices should be balanced with the rising interest rates. Unless you are paying cash you may pay in an interest rate what you’d be saving in a reduced home price AND all the while missing the time you could be spending in your new home! A great lender, Steve Nassar of Alpine Mortgage says: (more…)
Tags: interest rates, new york times, steve nassar
Posted in Mortgage Rates | No Comments »
Thursday, January 21st, 2010
Clients of ours forwarded the linked articles below to us for consideration; I’m passing along to you. I do expect FHA will continue to tighten and I do think interest rates will go up. For those of you thinking you want to wait for home prices to reduce, keep in mind that an increased interest rate may eat up any sale price savings and that if you are borderline qualified you may not be eligible for a loan a month from now. If you are a first time home buyer I do not recommend writing on short sales unless they already have a pre-approved amount acceptable to what you would want to pay. Chances are slim you would close in time for the credit and they waste alot of valuable shopping time. Here’s those articles:
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Tags: article, FHA, interest rates
Posted in Tips When Buying a Home | No Comments »
Tuesday, June 9th, 2009
Interest rates are well over 5% now, roughly 5.3% last week now at 5.5% and still climbing. Yesterday in fact there were several rate increases 
throughout the day with some lenders stating their base rates are now at 5.75%. Several lenders we work with feel there could be another slight dip in rates later this year however that would jeopardize the tax credit for those of you in the market to take advantage of it, in other words waiting *might* get you a half point lower rate if those lenders are correct however it will cause you to miss the tax credit deadline to be closed on a home purchase.
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Tags: inflation, interest rates
Posted in Investment Information, Mortgage Rates, Real Estate Tips, Tips When Buying a Home | No Comments »
Tuesday, April 28th, 2009
The big question, when will we hit bottom or have we already? As Realtors we and others in the industry that we work with daily are frequently hearing buyers saying they are waiting for the bottom to buy; hence the point of this blog entry. Keep in mind statistics
and trends are found and compiled after events, not before them thus if you are waiting for confirmation on hitting bottom you’re pretty much guaranteed to miss it. Additionally think about this, in Portland we’re seeing -2% to -7% depreciation rates, so lets say on a $300,000 home if you’re “waiting for the bottom” then you’re betting that home would be $285,000 in one year at -5% *if* (and that’s a huge if) we continue to see a solid decline for the next year, so you’d save $15,000 right?
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Tags: depreciation, hitting bottom, interest rates, portland housing market
Posted in Investment Information, Market Report, Mortgage Rates, Portland Real Estate, Real Estate Tips, Tips When Buying a Home | No Comments »
Jim Gillespie, president of Coldwell Banker was recently interviewed on Fox Business news and he said alot of great stuff (you can watch the video from the link below or just click play on the YouTube.com version under the link). In summary he suggests two things:
